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Tata, Mittal or Ambani, the history of 10 companies changed before Modi’s swearing-in

Sagar Patel

By Sagar Patel

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There was an earthquake in the stock market on the day of the 2024 Lok Sabha election results. On June 4, there was a fall of around 6 per cent in Sensex. The stocks of large companies had fallen face down. In which Mukesh Ambani’s Reliance, or Bharti Airtel and TCS. After that, the stock market recovery began from Wednesday. There was a continuous rise in the stock market in three days. This rise not only recouped their losses, even on Friday both Sensex and Nifty hit new record levels.

What is special is that Narendra Modi will be sworn in as Prime Minister for the third consecutive time on Sunday evening. Before that, there was a huge increase in the market capitalization of 8 of the country’s top companies. This increase is said to be Rs 3.25 lakh crore. TCS, Tata Group’s largest company, has seen the biggest rise. The two companies that have suffered losses are LIC and SBI. In a week full of ups and downs, BSE Sensex saw a rise of 2,732.05 points or 3.69 per cent. Let’s see which of the country’s top 10 companies have benefited and two have suffered losses.

These 8 companies in the country benefited

  1. Last week, eight of the 10 most valuable domestic companies added a total of Rs 3.28 lakh crore to their market capitalization.
  2. Last week, the market valuation of Tata Group’s largest company TCS rose by Rs 80,828.08 crore to Rs 14,08,485.29 crore.
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  4. After that, the country’s largest consumer goods company Hindustan Unilever added Rs 58,258.11 crore, taking its mcap to Rs 6,05,407.43 crore.
  5. The valuation of the country’s largest company, Reliance Industries, has increased by Rs 54,024.35 crore to Rs 19,88,741.47 crore.
  6. The valuation of Infosys, one of the country’s largest IT companies, rose by Rs 52,770.59 crore to Rs 6,36,630.87 crore.
  7. The valuation of HDFC Bank, one of the country’s largest lenders, has increased by Rs 32,241.67 crore to Rs 11,96,325.52 crore.
  8. In terms of market capitalization, the market capitalization of Bharti Airtel, the country’s largest telecom company, increased by Rs 32,080.61 crore to Rs 8,10,416.01 crore.
  9. The valuation of the country’s largest insurance company LIC has declined by Rs 12,080.75 crore to Rs 6,28,451.77 crore.
  10. The market capitalization of State Bank of India, the country’s largest government lender, declined by Rs 178.5 crore to Rs 7,40,653.54 crore.
Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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